B&B crashes into the red
Beleaguered lender Bradford & Bingley crashed into the red in the first half of 2008 due to credit crunch losses and rising bad debts.
The buy-to-let specialist made pre-tax losses of £26.7m compared with profits of £180.4m a year ago.
B&B said bad debt charges on lending jumped to £74.6m from £5.3m last year as more borrowers struggled to keep up payments. Shares fell 1¼p to 49p.